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It’s been a nice long weekend, but I’m ready to start working again. Actually, I never stopped working this weekend, although there was one amusing little anecdote that happened Monday morning: I was driving along with my dogs, listening as I always do to Gilbert’s Amazing Colossal Podcast, and I just about had a heart attack when I heard them say: “Tim Knight”. It turns out a drinking game I had conjured up for their show and tweeted for them has made their next broadcast, so I can’t wait to hear what they have to say about it!
Bonds, annoyingly, continue to be strong. They haven’t wrecked their topping pattern, but sheesh the past week has sucked for bond bears like me.
As this quiet Memorial Day weekend wraps up, I thought I’d share a couple of interest rate charts shared by a thoughtful fellow Sloper. The resistance is pretty stiff. I’m crossing my fingers that it breaks to the upside, of course, as I’m definitely in the interest rate bull camp. Looking at the ZB this long weekend, interest rates are clearly continue to weaken!